georgehall616 georgehall616

28-10-2017
Business

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If 99 million people are working and 1 million are unemployed but actively seeking work, then the unemployment rate is ________.

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Storey19 Storey19

29-10-2017

I believe it's 1% because the formula to find unemployment rate is number of unemployed, divided by labor force which is both employed and unemployed, so 1 million divided by 100 million = 0.01

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